Antengene Optimizes Costs, Reduces Losses in 2024 H1

Antengene Corporation Limited (HK:6996) has released an update.

Antengene Corporation Limited reported a decrease in losses and improvements in cost efficiencies for the first half of 2024, despite a slight dip in revenue due to a commercial transition for its product XPOVIO. The company successfully managed to lower expenses across research and development, selling and distribution, and administrative functions. This strategic realignment led to a notable reduction in adjusted losses, signifying a robust performance in a period of transformation.

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